Used and new homes cost almost the same

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Friday, 28 November 2008

Prices of apartments used boldly follow the rising prices of new premises. Not only significantly houses, because supply exceeds demand in this segment. For parcels of construction cost by up to One-dozen percent more than at the beginning of this year Such conclusions can be drawn from WGN Group report, which analysts assess the real estate market in major cities across the USA in the first half of this year. Their calculations show that the average transaction prices of apartments on the secondary market were: 6 thousand USD per 1 square meters. What does this proposal? If customers can not find housing for themselves at the developer, their interest to return condos on the other hand, so that traffic on the secondary market is growing, and follow the original price. What if it comes looking for housing preferences of buyers of apartments, within the last year have not changed much. - I still have the greatest interest to housing built over the past 10 years, 1 -, 2 - or 3-peaceful use of the area from 28 to 75 square meters., Founded in perpetual Paper, scheduled in the not-high buildings. Preferred is the center, and if someone is looking for bids on the periphery, it must be with good transport to the city - says Malgorzata Battek, Department of Market Analysis WGN Real Estate. Calls also note that recent increased interest in buying flats czteropokojowych, but under the condition that they finished high standard. He stresses that significantly shortened the time to buy flats, six months before the year to several days now. Only large apartment: 4 - or 5-room, if you do not attract the price, long waits for new owners. Houses for renovation In large cities, the supply of family houses more than 7-fold exceeds the demand on them - gives WGN. Thus, transaction prices are not growing much - 2 - 3,6 percent. in a semi-annual basis. - The most frequently purchased are one-storey houses, with an area of 200 square meters of usable., The attic apartment, on parcels 800 - 1500 square meters., Built in the last decade, in modern technologies, ensuring low operating costs - calculated Malgorzata Battek. If it comes to buying houses locational preferences, the surroundings must be well communicated with the center. It is noteworthy that customers often ask about low-cost houses for renovation, a distance of 30 km from the city. They cost from 195 to 260 thousand. USD. Competition for them, as mentioned by WGN, the houses are under construction. - Started construction of the house with an area of 200 square meters., Unwrought open, you can buy for 150 - 200 thousand. USD. This price is rising as far as approaching the limits of the city - explains Malgorzata Battek. The longest waiting for amateurs residences - even a few years. The owners of fact, who suffered high costs of such projects, they do not want to bring down prices. Parcels up since the second half of 2005 shows that the prices of building land they gradually but firmly upwards. - But a significant price increase, which is more than a dozen percent since the start of this year, not all the sites concerned, only the land into housing in prime locations - emphasizes Malgorzata Battek. What land is it? The land is located directly on the surfaced road, with full weapons, and above all with the current development plans or the decision to the building. The supply of such plots are reasonable, because many municipalities do not have drawn up plans for land use for their land. Thus, investors can not be certain what will be able to build on that parcel.